Going Bankrupt with style.

[Dawg]

There was this artist see, lets call him Hamien Dirst. Very well known, very expensive. Starts a restaurant and kits it out with his own work: the paintings, the cabinets, the whole kaboodle are art works, virtually all by him.
Sadly, as is the way of expensive trend restaurants, it goes tits up after a few years. The artist makes a deal with the liquidators to buy all the stock for £5000. Deal done. Sorted.

A short time later all the stock/art works, owned by the artist, appear in an auction at Sothebys.

£11,500,000 is raised.

That's more than just art. That's on a par with turning water into wine.

 

Thats also known as being in the same club as ones friendly liquidator.

Or finding one dumb Mother F..........er.

Earl

 

[Logistika]

There must be a difference between cynicism and envy.

As Paul Daniels has stated "Not a Lot".

I would advise against suggesting impropriety against the liquidators. It might be true, and possibly is true, but they will deny it as much as Tony Blair denied going to war because George Bush provided evidence of WMD.

 

[An Oasis]

Army Chap
Achy Ramp
Pharmacy

Must have been his Pills phase.

 

[oldeagleeye]

Dont get why the artist didnt just say the paintings were his personal property and on loan and saved the £5K but then I am a perfectionist not an impressionst.

Just wonder if he sold the dripping tap to the Tate gallery too. Nice one that.

 

[Beachcomber]

He owns a restaraunt down the road from me.
Wallpapers horrible. Nuff said.

 

[vvaannmmaann]

There was this artist see, lets call him Hamien Dirst. Very well known, very expensive. Starts a restaurant and kits it out with his own work: the paintings, the cabinets, the whole kaboodle are art works, virtually all by him.
Sadly, as is the way of expensive trend restaurants, it goes tits up after a few years. The artist makes a deal with the liquidators to buy all the stock for £5000. Deal done. Sorted.

A short time later all the stock/art works, owned by the artist, appear in an auction at Sothebys.

£11,500,000 is raised.

That's more than just art. That's on a par with turning water into wine.

I'm sure the fine gentlemen at the HMRC will be watching with interest.

 

[An Oasis]

He owns a restaraunt down the road from me.
Wallpapers horrible. Nuff said.

.......DIY?

 

[vvaannmmaann]

Half a cow,preserved in formaldehyde does not count as wallpaper.

 

[Dawg]

He owns a restaraunt down the road from me.
Wallpapers horrible. Nuff said.

Jeez, Mr Beachcomber, didn't have you down as the heir to Oscar Wilde:

"Either that wallpaper goes or I do"

Artists and aesthetes everywhere.

 

[Deleted member 61074]

He owns a restaraunt down the road from me.
Wallpapers horrible. Nuff said.

The restaurant in Ilfracombe is under new management so I guess it's this one that we are talking about? Or does DH have more than one restaurant?

But back to the £5000 maybe this was enough to pay off the creditors? Or am I being nieve?